Exhibit CC 08-15-2017 Item No. 17 Transportation Impact Fee PresentationCC 08-15-2017 Item No. 17
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12City of Cupertino Proposed Traffic Impact Fee Study
TIF Cost Per Trip Calculation
Total Cost of TIF Projects a $193,849,000
Share Allocated to New
Development b 31%
Net TIF Project Costs c = a * b $59,780,125
Growth in PM Trips d 10,120
Cost per Trip = c / d $5,907
Source: EPS and Stantec.
Category Formula Amount
13City of Cupertino Proposed Traffic Impact Fee Study
Maximum Allowable TIF
* Total TIF per Unit cost is calculated from the $5,907 per trip
Land Use
Residential
Single Family $5,968 / unit
Multi-Family $3,700 / unit
Non-residential
Retail $9.60 / sqft.
Office $16.81 / sqft.
Hotel $3,272 / room
Other $6,025 / trip
Total TIF per Unit
*
CC 08-15-2017 Item No. 17
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14City of Cupertino Proposed Traffic Impact Fee Study
Staff Recommend Exemptions
•Tenant improvement projects, unless the project
results in an intensification of land use;
•New or intensified development may be subject to a
credit for development existing on the site, unless
property is vacant more than one year;
•Public facilities;
•Residential accessory structures.